| Scrip code | 544020 |
|---|---|
| NSE Symbol | ESAFSFB |
| MSEI Symbol | NOTLISTED |
| ISIN | INE818W01011 |
| Name of bank | ESAF SMALL FINANCE BANK LIMITED |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 30-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 23-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 30-01-2026 15:00:00 |
| End date and time of board meeting | 30-01-2026 15:35:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| Not Applicable | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Interest earned | ||
| Interest or discount on advances or bills | 78,960.00 | 2,22,516.00 | |
| Income on investments | 10,406.00 | 30,906.00 | |
| Interest on balances with reserve bank of India and other inter bank funds | 39.00 | 788.00 | |
| Others | 0.00 | 0.00 | |
| Total interest earned | 89,405.00 | 2,54,210.00 | |
| 2 | Other income | 26,939.00 | 60,969.00 |
| 3 | Total income | 1,16,344.00 | 3,15,179.00 |
| Expenses | |||
| 4 | Interest expenses | 46,173.00 | 1,36,011.00 |
| 5 | Operating expenses | ||
| (i) | Employees cost | 17,050.00 | 51,933.00 |
| (ii) | Details of other operating expenses | ||
| Description of other operating expenses | |||
| 1 | Rent, taxes and lighting | 3,294.00 | 9,651.00 |
| 2 | Printing and stationery | 56.00 | 385.00 |
| 3 | Advertisement and publicity | 145.00 | 574.00 |
| 4 | Depreciation | 1,643.00 | 4,930.00 |
| 5 | Directors' fees, allowances and expenses | 61.00 | 174.00 |
| 6 | Auditors' fees and expenses | 21.00 | 63.00 |
| 7 | Law charges | 45.00 | 165.00 |
| 8 | Postage, Telegrams, Telephones | 954.00 | 2,510.00 |
| 9 | BC expenses | 10,057.00 | 28,636.00 |
| 10 | Other Expenditure | 11,593.00 | 33,078.00 |
| Total other operating Expenses | 27,869.00 | 80,166.00 | |
| Total Operating Expenses | 44,919.00 | 1,32,099.00 | |
| 6 | Total expenditure excluding provisions and contingencies | 91,092.00 | 2,68,110.00 |
| 7 | Operating profit before provision and contingencies | 25,252.00 | 47,069.00 |
| 8 | Provisions other than tax and contingencies | 24,339.00 | 72,618.00 |
| 9 | Exceptional items | 0.00 | 0.00 |
| 10 | Total profit (loss) from ordinary activities before tax | 913.00 | (25,549.00) |
| 11 | Provision for Tax | 201.00 | (6,558.00) |
| 12 | Net profit (loss) from ordinary activities after tax | 712.00 | (18,991.00) |
| 13 | Extraordinary items net of tax expenses | 0.00 | 0.00 |
| 14 | Net profit (loss) for the period | 712.00 | (18,991.00) |
| 15 | Share of profit (loss) of associates | ||
| 16 | Profit (loss) of minority interest | ||
| 17 | Net Profit (loss) after taxes minority interest and share of profit (loss) of associates | 712.00 | (18,991.00) |
| 18 | Details of equity share capital [Abstract] | ||
| Paid-up equity share capital | 51,551.00 | 51,557.00 | |
| Face value of equity share capital | 10 | 10 | |
| 19 | Reserve excluding revaluation reserves (as per balance sheet of previous accounting year) | ||
| 20 | Analytical ratios | ||
| (i) | Percentage of share held by government of India | 0 | 0 |
| (ii) | Capital adequacy ratio | ||
| CET 1 ratio | 15.4600 | 15.4600 | |
| Additional Tier 1 ratio | 0.500 | 0.500 | |
| (iii) (a) | Earnings per share before extraordinary items | ||
| Basic earnings per share before extraordinary items | 0.14 | -3.68 | |
| Diluted earnings per share before extraordinary items | 0.14 | -3.67 | |
| (iii) (b) | Earnings per share after extraordinary items | ||
| Basic earnings per share after extraordinary items | 0 | 0 | |
| Diluted earnings per share after extraordinary items | 0 | 0 | |
| (iv) | NPA Ratios | ||
| Amount of gross non-performing assets | 1,16,559.13 | 1,16,559.13 | |
| Amount of net non-performing assets | 54,794.46 | 54,794.46 | |
| % of gross NPAs | 5.6400 | 5.6400 | |
| % of net NPAs | 2.7300 | 2.7300 | |
| Return on assets | 0.0300 | -0.700 | |
| 21 | Disclosure of notes on financial results by banks | Textual Information(1) | |
| Textual Information(1) | The statement of unaudited financial results for the quarter and nine months ended 31 December 2025 (Statement or financial results) have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 30 January 2026 in accordance with the requirement of Regulation 33 and Regulation 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the Regulations), as amended. The financial results for the quarter and nine months ended 31 December 2025, were subjected to a limited review by the Joint Statutory Auditors who have issued an unmodified conclusion there on. The comparative financial information for the Quarter and nine months ended 31 December 2024 and year ended 31 March 2025 included in the statement have been reviewed/ audited by M/s. Abarna & Ananthan and M/s. Kirtane & Pandit LLP (one of the present joint auditors), who expressed an unmodified opinion. The above financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable Accounting Standard (Accounting standards) prescribed under Section 133 of the Companies Act, 2013 (the Act), in so far as they apply to the Banks, the relevant provisions of the Banking Regulation Act, 1949 and the circulars, the guidelines and directions issued by the Reserve Bank of India (RBI) from time to time (the RBI Regulations) and other accounting principles generally accepted in India and the requirements of Regulation 33 and Regulation 52 read with regulation 63 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Bank has applied its significant accounting policies in the preparation of these financial results consistent with those followed in the annual financial statement for the year ended 31 March 2025. Any circulars/ directions issued by RBI is implemented prospectively when it becomes applicable, unless specifically required under those circulars/ directions. The Capital Adequacy Ratio (“CRAR”) has been computed as per the Operating guidelines in the RBI notification RBI/DOR/2025-26/182 DOR.CAP.REC.101/21-01-002/2025-26 dated 28 November 2025 (the CRAR Circular) prescribed for Small Finance Bank. The Bank has followed Basel II standardised approach for credit risk in accordance with the Operating Guidelines issued by the RBI for Small Finance Banks. Further, no separate capital charge for market risk and operational risk has been computed in view of the exception contained in RBI Notification DBR. NBD. NO. 4502/16.13.218/2017-18 dated 8 November 2017. (i) During the quarter and nine months ended 31 December 2025, the bank has not acquired / transferred any loans not in default through assignment of loans. (ii) Details of stressed loans transferred to Asset Reconstruction Company for the nine months ended 31 December 2025 is given below. Sl No Particulars Sale to ARCQ1 Sale to ARCQ2 Sale to ARCQ3* 1 No. of Accounts (Nos) 2,12,564 1 5,44,406 2 Aggregate principal outstanding of loans transferred 73,340 2,833 1,69,365 3 Weighted average residual tenure of loans 0.49 3 0.14 4 Net book value of loans transferred 7,242 - 9,941 5 Aggregate consideration 7,334 1,280 18,318 6 Additional consideration realised in respect of accounts transferred earlier - - - Cash consideration received pursuant to the transfer of technically written off loans amounting to Rs. 11,521 Lakhs has been recognised under Other Income during the quarter and nine months ended 31 December 2025 and have also provided the SR investments amounting to Rs. 4,618 Lakhs in fulll .Accordingly the net amount of Rs. 6,903 Lakhs has been included under other income for the quarter/nine months ended 31 December 2025. Ratings Rating Agency Recovery Rating Gross Value of Outstanding SRs* RR4 CRISIL 50% and upto 75% 3,420.97 RR4 CRISIL 150% 2,205.81 The determination of the recovery rating for the security receipts for stressed assets transferred during the quarter ended 31 December 2025 is in progress and will be completed within the prescribed regulatory timelines. The Bank is carrying an additional contingency provision on standard assets of Rs. 2,312 Lakhs as on 31 December 2025 (Rs.4,467 Lakhs as on 31 March 2025). Other income includes processing fee, Revaluation profit or loss, profit/ loss on sale of investments (net off provision for depreciation), Income from selling of third party products, recovery from loans written off, income from dealing in PSLC and Collection Agency Fees from Asset Reconstruction Companies (ARC). During the nine months ended 31 December 2025, the Bank has allotted 1,45,289 equity shares (59,406 during the quarter ended 31 December 2025) pursuant to the exercise of options under the approved employee stock option scheme. The Bank has raised Tier II capital of Rs. 15,000 Lakhs during quarter ended 31 December 2025 and Rs. 26,500 Lakhs during nine months ended 31 December 2025 Pursuant to the notification issued by the Ministry of Labour and Employment, the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the New Labour Code) became effective from 21 November 2025. The Bank has reassessed its employee benefit obligations in accordance with the revised definition of wages based on available information and evolving market data. Accordingly, an incremental liability on account of past service cost in accordance with AS 15 - Employee Benefits amounting to Rs. 331 Lakhs has been charged to the Profit and Loss Account for the quarter and nine months ended 31 December 2025. The Bank continues to monitor developments relating to the implementation of the New Labour Codes and will review its estimates and assumptions on an ongoing basis. The Bank does not have any subsidiary/ associate/ joint venture as on 31 December 2025. The Bank absorbed 5,109 trained employees of M/s. ESAF Swasraya Multi State Agro Co-operative Society Limited (“ESMACO”) and paid compensation of 5,800 lakhs (inclusive of GST) being the value addition for sourcing and training the staff which otherwise the Bank would have had to incur based on an independent external valuation, which is reported as an exceptional item for nine months ended 31 December 2024 and year ended 31 March 2025. Figures for the previous period/year have been reclassified/regrouped wherever necessary, to conform to the current period classification. |
|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Retail | 1,03,172.00 | 2,64,635.00 | ||||
| 2 | Wholesale | 2,222.00 | 7,779.00 | ||||
| 3 | Treasury | 7,512.00 | 30,806.00 | ||||
| 4 | Other Banking Operations | 3,438.00 | 11,959.00 | ||||
| 5 | Capital &Reserves | 0.00 | 0.00 | ||||
| 6 | NA | 0.00 | 0.00 | ||||
| 7 | NA | 0.00 | 0.00 | ||||
| 8 | NA | 0.00 | 0.00 | ||||
| 9 | NA | 0.00 | 0.00 | ||||
| 10 | NA | 0.00 | 0.00 | ||||
| 11 | NA | 0.00 | 0.00 | ||||
| 12 | NA | 0.00 | 0.00 | ||||
| 13 | NA | 0.00 | 0.00 | ||||
| 14 | NA | 0.00 | 0.00 | ||||
| 15 | NA | 0.00 | 0.00 | ||||
| Total Segment Revenue | 1,16,344.00 | 3,15,179.00 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Income from operations | 1,16,344.00 | 3,15,179.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Retail | (235.00) | (39,759.00) | ||||
| 2 | Wholesale | 296.00 | 3,172.00 | ||||
| 3 | Treasury | (2,392.00) | (362.00) | ||||
| 4 | Other Banking Operations | 3,244.00 | 11,400.00 | ||||
| 5 | Capital &Reserves | 0.00 | 0.00 | ||||
| 6 | NA | 0.00 | 0.00 | ||||
| 7 | NA | 0.00 | 0.00 | ||||
| 8 | NA | 0.00 | 0.00 | ||||
| 9 | NA | 0.00 | 0.00 | ||||
| 10 | NA | 0.00 | 0.00 | ||||
| 11 | NA | 0.00 | 0.00 | ||||
| 12 | NA | 0.00 | 0.00 | ||||
| 13 | NA | 0.00 | 0.00 | ||||
| 14 | NA | 0.00 | 0.00 | ||||
| 15 | NA | 0.00 | 0.00 | ||||
| Total Profit before tax | 913.00 | (25,549.00) | |||||
| i. Finance cost | 0.00 | 0.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 0.00 | 0.00 | |||||
| Profit before tax | 913.00 | (25,549.00) | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Retail | 19,97,394.00 | 19,97,394.00 | ||||
| 2 | Wholesale | 88,356.00 | 88,356.00 | ||||
| 3 | Treasury | 7,48,905.00 | 7,48,905.00 | ||||
| 4 | Other Banking Operations | 0.00 | 0.00 | ||||
| 5 | Capital &Reserves | 0.00 | 0.00 | ||||
| 6 | NA | 0.00 | 0.00 | ||||
| 7 | NA | 0.00 | 0.00 | ||||
| 8 | NA | 0.00 | 0.00 | ||||
| 9 | NA | 0.00 | 0.00 | ||||
| 10 | NA | 0.00 | 0.00 | ||||
| 11 | NA | 0.00 | 0.00 | ||||
| 12 | NA | 0.00 | 0.00 | ||||
| 13 | NA | 0.00 | 0.00 | ||||
| 14 | NA | 0.00 | 0.00 | ||||
| 15 | NA | 0.00 | 0.00 | ||||
| Total Segment Assets | 28,34,655.00 | 28,34,655.00 | |||||
| Un-allocable Assets | 79,043.00 | 79,043.00 | |||||
| Net Segment Assets | 29,13,698.00 | 29,13,698.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Retail | 20,02,781.00 | 20,02,781.00 | ||||
| 2 | Wholesale | 80,938.00 | 80,938.00 | ||||
| 3 | Treasury | 5,78,451.00 | 5,78,451.00 | ||||
| 4 | Other Banking Operations | 0.00 | 0.00 | ||||
| 5 | Capital &Reserves | 1,75,599.00 | 1,75,599.00 | ||||
| 6 | NA | 0.00 | 0.00 | ||||
| 7 | NA | 0.00 | 0.00 | ||||
| 8 | NA | 0.00 | 0.00 | ||||
| 9 | NA | 0.00 | 0.00 | ||||
| 10 | NA | 0.00 | 0.00 | ||||
| 11 | NA | 0.00 | 0.00 | ||||
| 12 | NA | 0.00 | 0.00 | ||||
| 13 | NA | 0.00 | 0.00 | ||||
| 14 | NA | 0.00 | 0.00 | ||||
| 15 | NA | 0.00 | 0.00 | ||||
| Total Segment Liabilities | 28,37,769.00 | 28,37,769.00 | |||||
| Un-allocable Liabilities | 75,929.00 | 75,929.00 | |||||
| Net Segment Liabilities | 29,13,698.00 | 29,13,698.00 | |||||
| Disclosure of notes on segments | The business of the Bank is confined within India and does not have any assets situated outside India or earnings from outside India. Accordingly, the Bank has reported operations in domestic segment only. Income, expenses, assets and liabilities have been either specifically identified to individual segments or allocated to segments based on matching principle and the residual items are classified as unallocated. Unallocated item includes capital expenditure, deferred income tax assets/ liabilities and advance tax etc. In computing the above information, certain estimates and assumptions have been made by the management and have been relied upon by the auditors. The RBI vide its Circular dated April 7, 2022 on establishments of Digital Banking Units (DBUs) has prescribed reporting of Digital Banking Segments as a sub segment of Retail Banking Segment (RBS). The Bank has not set up any DBU so far and hence DBU has not been disclosed as a seperate segment as per Accounting Standard 17 (Segment Reporting). | ||||||
| Whether results are audited or unaudited | Unaudited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | Kirtane & Pandit LLP | Yes | 31-12-2028 | ||
|---|---|---|---|---|---|
| 2 | Sundaram & Srinivasan | Yes | 30-09-2027 | ||